RESPA REFORM FINAL RULE “RULE TO SIMPLIFY AND IMPROVE THE PROCESS OF OBTAINING MORTGAGES AND REDUCE CONSUMER SETTLEMENT COSTS”

The United State Department of Housing and Urban Development (HUD) released their 341 page final RESPA rule today.

I will provide more analysis on this rule later but I wouldn’t get too excited or upset about it yet as this rule appears to have more legal and congressional authority issues than you can imagine.